Subcouncil 20

Resolution detail

RESOLVED TO RECOMMEND
 
Subcouncil 20 supports that the Lease of City land, being portions of Erf 91672 Cape Town, situated at Main Road and Cornwall Place, Wynberg, shown hatched and lettered ABCD, EFGH and JKLM on the attached sketch STC 3384 marked annexure A, in extent approximately 214 m², 105 m² and 32 m²   respectively to the Oak Tree Body Corporate or their successors in title, be approved subject to inter alia the following Conditions:
 

1. A tariff rental of R2 523.00 per annum including VAT calculated at the rate applicable at the time of transaction be payable.  Rates excluded.

2. The Lease will endure for a period of 10 years.

3. The rental will be adjusted annually in terms of the rental tariff structure as approved by Council.

4. The property be used for gardening and security purposes only.

5. Subject to such further Conditions to be imposed by the Director:  Property Management in terms of her delegated authority.

6. Subject to compliance with any other statutory requirements.

7. No compensation will be payable for any improvement made to the property.